Common use of Notice of Acceptance and Other Waivers Clause in Contracts

Notice of Acceptance and Other Waivers. (a) To the fullest extent permitted by applicable law, Subordinated Creditor hereby waives: (i) notice of acceptance hereof; (ii) notice of any loans or other financial accommodations made or extended under the Senior Debt Documents, or the creation or existence of any Senior Debt; (iii) notice of the amount of the Senior Debt; (iv) notice of any adverse change in the financial condition of any Obligor or of any other fact that might increase any Subordinated Creditor’s risk hereunder; (v) notice of presentment for payment, demand, protest, and notice thereof as to any instrument among the Senior Debt Documents; (vi) notice of any Default or Event of Default under the Senior Debt Documents or otherwise relating to the Senior Debt; and (vii) all other notices (except if such notice is specifically required to be given to the Subordinated Creditor under this Agreement) and demands to which any Subordinated Creditor might otherwise be entitled.

Appears in 3 contracts

Samples: Subordination and Intercreditor Agreement (Akerna Corp.), Subordination and Intercreditor Agreement (Akerna Corp.), Subordination and Intercreditor Agreement (Akerna Corp.)

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Notice of Acceptance and Other Waivers. (a) To the fullest extent permitted by applicable law, each Subordinated Creditor hereby waives: (i) notice of acceptance hereof; (ii) notice of any loans or other financial accommodations made or extended under any of the Senior Debt Documents, or the creation or existence of any Senior Debt; (iii) notice of the amount of the Senior Debt; (iv) notice from the Senior Creditors (or any of them) of any adverse change in the financial condition of any Obligor Loan Party or of any other fact that might increase any such Subordinated Creditor’s risk hereunder; (v) notice from the Senior Creditors (or any of them) of presentment for payment, demand, protest, and notice thereof as to any instrument among the Senior Debt Documents; (vi) notice from the Senior Creditors (or any of them) of any Default default or Event event of Default default under the Senior Debt Documents or otherwise relating to the Senior Debt; and (vii) all other notices (except if such notice is specifically required to be given to the such Subordinated Creditor under this Agreement) and demands from the Senior Creditors (or any of them) to which any such Subordinated Creditor might otherwise be entitled.

Appears in 2 contracts

Samples: Subordination Agreement, Subordination Agreement (LIVE VENTURES Inc)

Notice of Acceptance and Other Waivers. (a1) To the fullest extent permitted by applicable law, each Subordinated Creditor Claimholder hereby waives: (i) notice of acceptance hereof; (ii) notice of any loans or other financial accommodations made or extended under any of the Senior Debt Loan Documents, or the creation or existence of any Senior DebtObligations; (iii) notice of the amount of the Senior DebtObligations; (iv) notice of any adverse change in the financial condition of any Obligor or of any other fact that might increase any Subordinated Creditor’s or any other Subordinated Claimholder’s risk hereunder; (v) notice of presentment for payment, demand, protest, and notice thereof as to any instrument among the Senior Debt Loan Documents; (vi) notice of any Default or Event of Default under the Senior Debt Loan Documents or otherwise relating to the Senior DebtObligations (other than any notice that may be required by the express terms of this Agreement); and (vii) all other notices (except if such notice is specifically required to be given to the Subordinated Creditor under this Agreement) and demands to which any Subordinated Creditor or any other Subordinated Claimholder might otherwise be entitled.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Layne Christensen Co)

Notice of Acceptance and Other Waivers. (ai) (A) To the fullest extent permitted by applicable law, Subordinated Creditor hereby the Noteholder Collateral Agent, for and on behalf of itself and each Noteholder, waives: (i1) notice of acceptance hereof; (ii2) notice of any loans or other financial accommodations made or extended under the Senior Debt DocumentsCredit Agreement, or the creation or existence of any Senior DebtIndebtedness; (iii3) notice of the amount of the Senior DebtIndebtedness; (iv4) notice of any adverse change in the financial condition of any Obligor or of any other fact that might increase the Noteholder Collateral Agent’s or any Subordinated CreditorNoteholder’s risk hereunder; (v5) notice of presentment for payment, demand, protest, and notice thereof as to any instrument among the Senior Debt Loan Documents; (vi6) notice of any Default or Event of Default under the Senior Debt Loan Documents or otherwise relating to the Senior DebtIndebtedness; and (vii7) all other notices (except if such notice is specifically required to be given to the Subordinated Creditor Noteholder Collateral Agent and/or the Noteholders under this Agreement) and demands to which the Noteholder Collateral Agent or any Subordinated Creditor Noteholder might otherwise be entitled.

Appears in 1 contract

Samples: Intercreditor Agreement (Angiotech Pharmaceuticals Inc)

Notice of Acceptance and Other Waivers. (a) To the fullest extent permitted by applicable law, each Subordinated Creditor Claimholder hereby waives: (i) notice of acceptance hereof; (ii) notice of any loans or other financial accommodations made or extended under any of the Senior Debt Loan Documents, or the creation or existence of any Senior DebtObligations; (iii) notice of the amount of the Senior DebtObligations; (iv) notice of any adverse change in the financial condition of any Obligor or of any other fact that might increase any Subordinated Creditor’s 's or any other Subordinated Claimholder's risk hereunder; (v) notice of presentment for payment, demand, protest, and notice thereof as to any instrument among the Senior Debt Loan Documents; (vi) notice of any Default or Event of Default under the Senior Debt Loan Documents or otherwise relating to the Senior DebtObligations (other than any notice that may be required by the express terms of this Agreement); and (vii) all other notices (except if such notice is specifically required to be given to the to. Subordinated Creditor Agent under this Agreement) and demands to which any Subordinated Creditor or any other Subordinated Claimholder might otherwise be entitled.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Global Telecom & Technology, Inc.)

Notice of Acceptance and Other Waivers. (a) To the fullest extent permitted by applicable law, the Subordinated Creditor hereby waives: (i) notice of acceptance hereof; (ii) notice of any loans or other financial accommodations made or extended under any of the Senior Debt DocumentsAgreements, or the creation or existence of any Senior Debt; (iii) notice of the amount of the Senior Debt; (iv) notice of any adverse change in the financial condition of any Obligor the Company or of any other fact that might increase any Subordinated Creditor’s risk hereunder; (v) notice of presentment for payment, demand, protest, and notice thereof as to any instrument among the Senior Debt DocumentsAgreements; (vi) notice of any Default or Event of Default under the Senior Debt Documents Agreements or otherwise relating to the Senior Debt; and (vii) all other notices (except if such notice is specifically required to be given by the Company to the Subordinated Creditor under this the Settlement Agreement) and demands to which any the Subordinated Creditor might otherwise be entitled.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Airbee Wireless, Inc.)

Notice of Acceptance and Other Waivers. (a1) To the fullest extent permitted by applicable law, each Subordinated Creditor hereby waives: (i) notice of acceptance hereof; (ii) notice of any loans or other financial accommodations made or extended under the Senior Debt DocumentsLoan Agreement, or the creation or existence of any Senior DebtIndebtedness; (iii) notice of the amount of the Senior DebtIndebtedness; (iv) notice of any adverse change in the financial condition of any Obligor or of any other fact that might increase any Subordinated Creditor’s risk hereunder; (v) notice of presentment for payment, demand, protest, and notice thereof as to any instrument among the Senior Debt Loan Documents; (vi) notice of any Default or Event of Default under the Senior Debt Loan Documents or otherwise relating to the Senior DebtIndebtedness; and (vii) all other notices (except if such notice is specifically required to be given to the Subordinated Creditor Agent under this Agreement) and demands to which any Subordinated Creditor might otherwise be entitled.

Appears in 1 contract

Samples: Loan and Security Agreement (Active Network Inc)

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Notice of Acceptance and Other Waivers. (ai)(A) To the fullest extent permitted by applicable law, Subordinated Creditor hereby the Noteholder Collateral Agent, for and on behalf of itself and each Noteholder, waives: (i1) notice of acceptance hereof; (ii2) notice of any loans or other financial accommodations made or extended under the Senior Debt DocumentsCredit Agreement, or the creation or existence of any Senior DebtIndebtedness; (iii3) notice of the amount of the Senior DebtIndebtedness; (iv4) notice of any adverse change in the financial condition of any Obligor or of any other fact that might increase the Noteholder Collateral Agent’s or any Subordinated CreditorNoteholder’s risk hereunder; (v5) notice of presentment for payment, demand, protest, and notice thereof as to any instrument among the Senior Debt Loan Documents; (vi6) notice of any Default or Event of Default under the Senior Debt Loan Documents or otherwise relating to the Senior DebtIndebtedness; and (vii7) all other notices (except if such notice is specifically required to be given to the Subordinated Creditor Noteholder Collateral Agent and/or the Noteholders under this Agreement) and demands to which the Noteholder Collateral Agent or any Subordinated Creditor Noteholder might otherwise be entitled.

Appears in 1 contract

Samples: Intercreditor Agreement (Angiotech Pharmaceuticals Inc)

Notice of Acceptance and Other Waivers. (a1) To the fullest extent permitted by applicable lawlow, Subordinated Creditor hereby waives: (i) notice of acceptance hereof; (ii) notice of any loans or other financial accommodations made or extended under the Senior Debt DocumentsCredit Agreement, or the creation or existence of any Senior DebtIndebtedness; (iii) notice of the amount of the Senior DebtIndebtedness; (iv) notice of any adverse change in the financial condition of any Obligor or of any other fact that might increase any Subordinated such Creditor’s risk hereunder; (v) notice of presentment for payment, demand, protest, and notice thereof as to any instrument among the Senior Debt Loan Documents; (vi) notice of any Default or Event of Default under the Senior Debt Loan Documents or otherwise relating to the Senior DebtIndebtedness (except if such notice is specifically required to be given to Creditor under this Agreement); and (vii) all other notices (except if such notice is specifically required to be given to the Subordinated Creditor under this Agreement) and demands to which any Subordinated Creditor might otherwise be entitled.

Appears in 1 contract

Samples: Subordination Agreement (Portrait Corp of America, Inc.)

Notice of Acceptance and Other Waivers. (ai) To the fullest extent permitted by applicable law, Subordinated Creditor hereby each Noteholder Collateral Agent, for and on behalf of itself and each Applicable Noteholder, waives: (i1) notice of acceptance hereof; (ii2) notice of any loans or other financial accommodations made or extended under the Senior Debt Documents, or the creation or existence of any Senior DebtIndebtedness under the Comparable Indenture Documents; (iii3) notice of the amount of the Senior DebtIndebtedness under the Comparable Indenture Documents; (iv4) notice of any adverse change in the financial condition of any Obligor or of any other fact that might increase either Noteholder Collateral Agent’s or any Subordinated CreditorNoteholder’s risk hereunder; (v5) notice of presentment for payment, demand, protest, and notice thereof as to any instrument among the Senior Debt Comparable Indenture Documents; (vi6) notice of any Default or Event of Default under the Senior Debt Comparable Indenture Documents or otherwise relating to the Senior DebtIndebtedness under the Comparable Indenture Documents; and (vii7) all other notices (except if such notice is specifically required to be given to such Noteholder Collateral Agent and/or the Subordinated Creditor Noteholders under this Agreement) and demands to which such Noteholder Collateral Agent or any Subordinated Creditor Noteholder might otherwise be entitled.

Appears in 1 contract

Samples: Intercreditor Agreement (Angiotech Pharmaceuticals Inc)

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